Personal Loan Calculator
Set a loan amount, interest rate and term to see your repayments and the total interest over the life of the loan.
- Free to use with no signup
- No impact on your credit score
- Clear estimates you can adjust
Reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 24 August 2026 · About Corey
Important information
This calculator is a rough guide only. The prefilled rate is a hypothetical starting input, not a current offer. Everything shown here is general information and is not a quote, offer or pre-approval.
Detailed assumptions and limitations
- The result uses level principal-and-interest repayments with no balloon.
- The establishment fee is financed and the monthly account fee is added to repayments.
- Weekly and fortnightly figures are monthly equivalents and may differ from lender schedules.
- Early repayments, late fees, insurance and lender-specific rounding are excluded.
How it works
The maths behind the repayment.
The calculator uses a standard amortisation formula for level principal-and-interest repayments: the balance earns interest at your rate while each repayment knocks off a slice of principal, sized so the loan lands on exactly zero at the end of the term.
A longer term usually lowers the regular repayment but increases the total interest. Adjust the amount, rate, term and fees above to compare that tradeoff using figures relevant to you.
The rate you enter is the biggest unknown, your real rate depends on your profile, the asset and the lender. A broker can assess suitable options from the accredited panel and explain the available rate, fee and structure differences before you choose whether to apply.
FAQ
Common loan repayment questions
Using the standard amortisation formula: your loan amount, the interest rate and the term produce a level principal and interest repayment, plus the total interest paid over the life of the loan.
Paying more frequently means you chip away at the balance a little sooner, so you generally pay slightly less interest overall. The calculator shows all three so you can compare.
It includes the establishment and monthly account fees you enter. Other charges vary by lender, so compare the full lender disclosure and comparison rate where one is provided.
A comparison rate combines the interest rate and most fees and charges relating to a loan into one percentage. Check the example amount, term and exclusions before comparing offers.
It depends on the lender and loan type, many allow extra repayments or early payout, some charge a fee. If flexibility matters to you, tell us and we'll steer you to lenders that offer it.
The calculator uses whatever hypothetical rate you type in. A real offered rate depends on your profile, the purpose, any security and the lender's assessment. X Lend can assess suitable options from its panel; it does not guarantee a particular or lowest rate.